https://www.taxtmi.com/caselaws?id=273566 A provident fund created by a cooperative society under section 72 of the Gujarat Cooperative Societies Act, 1961 was treated as falling within the definition of a recognised provident fund under section 2(38) of the Income-tax Act, 1961. On that basis, the employer's contribution met the conditions for deduction under section 36(1)(iv), and the disallowance under section 40A(9) was not sustainable. The analysis notes that section 72 requires the fund to be kept separate from the society's assets and links its operation to the Employees' Provident Funds Act, 1952 where applicable, supporting the deduction claim. en-us Thu, 01 Jun 2017 00:00:00 +0530 Mon, 02 Jul 2018 20:38:44 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=273566 A provident fund created by a cooperative society under section 72 of the Gujarat Cooperative Societies Act, 1961 was treated as falling within the definition of a recognised provident fund under section 2(38) of the Income-tax Act, 1961. On that basis, the employer's contribution met the conditions for deduction under section 36(1)(iv), and the disallowance under section 40A(9) was not sustainable. The analysis notes that section 72 requires the fund to be kept separate from the society's assets and links its operation to the Employees' Provident Funds Act, 1952 where applicable, supporting the deduction claim. Case-Laws Income Tax Thu, 01 Jun 2017 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=273566